How to successfully downsize

March 1st 2017
By: Melanie Hollidge
How to successfully downsize

Many people living in large houses over the age of 55 are considering downsizing. However successfully moving into a smaller property does need some careful consideration and research. 

Before putting anything into motion make sure you know your figures – ask a local agent such as Goodfellows to provide an accurate valuation of your property. Then add to this moving fees, including conveyancing, estate agency fees, stamp duty and removal costs.

Check out house prices and availability in the area you want to move to, if you are planning on moving to a more expensive area a move might not deliver what you are hoping to achieve – do your research. One of the pitfalls of people downsizing is the fact that they are left with less money than they had anticipated. Goodfellows can help you calculate all of the costs.

Once you have set your downsizing budget, stick to it – it’s really easy to get carried away when looking to downsize, especially if you are used to living in a really large home. Most successful downsizing moves seem to be those people who move within a 5 miles radius of their current property, enabling them to stay close to friends and family.

Some of main reasons for downsizing include; cashing in equity on a current property, the prospect of a better lifestyle, reduced bills, moving closer to family, so you need to make sure that you create a list of all of the things you would like to achieve from downsizing so you can ensure your expectations are deliverable.

This new, luxury, two bedroom, ground floor flat is for sale with Goodfellows Land and New Homes based in Sutton and could be the perfect property for someone considering downsizing. It’s conveniently positioned to provide easy access to Sutton train station and its town center. Price £335,000.

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The interior designer has taken much care to ensure that each apartment makes best use of light and space is testament to the developers commitment that they will provide a product that is highly desirable for buyers of all types. The proposed layouts of the apartments, generous certainly by new build standards. 

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Specification & Features:

High Gloss Kitchens 
Quartz Worksurfaces 
Integrated Neue Appliances inclusive of hob + oven, microwave and Dishwasher 
High gloss vanity units, modern/contemporary acrylic Bathroom suites
Flooring, engineered oak with carpet in all of the bedrooms. 
Close to Sutton Train Station 
Located within walking distance to the High Street

For further information please follow this link or to reserve call 01372 745 562.